WE have: 1.Ascending Trend line break 2. Impulse down leg taking out previous higher low 3. Failure to create higher high 4. Market is creating corrective structure
To Enter: 1.We wait for break of current ascending trend line of the corrective structure. 2.Either Enter on break or retest of corrective structure.
Stops and targets: 1. Stops few pips above last high 2. First tp target at highlighted support